First Eagle Alternative Capital BDC Inc

Item 5. Fees and Compensation

Greenway Fund

As compensation for investment supervisory services rendered by First Eagle Alternative Capital
BDC, Inc. to the Greenway Fund, the Greenway Fund pays First Eagle Alternative Capital BDC,
Inc. a management fee, an incentive fee (i.e., carried interest) and a portion of closing fees paid to
the Greenway Fund in connection with investments (collectively, the “Greenway Fees”). The
Greenway Fees are set forth in the Governing Documents for the Greenway Fund.

The Greenway Fees are paid to First Eagle Alternative Capital BDC, Inc. by the Greenway Fund
through a wire transfer from the Greenway Fund’s bank account. The management fee is paid
quarterly, the incentive fee (if earned) for the Greenway Fund is paid at the time of any distribution
by the Greenway Fund to its investors but not less than quarterly, and the closing fees are paid at
the time of or promptly following the closing of the related investments. Each periodic distribution
notice sent to First Eagle Alternative Capital BDC, Inc. (as investment adviser) and the Greenway
Fund’ investors sets forth any Greenway Fees that have been wired to First Eagle Alternative
Capital BDC, Inc. The Greenway Fees are paid in arrears.

In addition, the Greenway Fund reimburses First Eagle Alternative Capital BDC, Inc. for any
organizational expenses and fees that First Eagle Alternative Capital BDC, Inc. may incur on the
Greenway Fund’s behalf, such as the fees and expenses of outside counsel in forming the
Greenway Fund and the annual corporate fees such as for resident agent representation in
Delaware.

Upon the dissolution of the Greenway Fund, under the terms of the applicable Governing
Documents First Eagle Alternative Capital BDC, Inc. will recalculate the incentive fee earned
during the entire term of the Greenway Fund. To the extent First Eagle Alternative Capital BDC,
Inc. received the payment of any incentive fee in excess of this recalculated amount, the investors
in the Greenway Fund may claw back such excess from First Eagle Alternative Capital BDC, Inc.

Separate Accounts

The separate account pays First Eagle Alternative Capital BDC, Inc. a management fee, an
incentive fee (if earned) and a portion of closing fees paid to such separate account in connection
with investments. The fees are set forth in the Governing Document for the separate account. The
management fee and the incentive fee (if earned) are paid quarterly, and the closing fees are paid
at the time of or promptly following the closing of the related investments. Each quarter, First
Eagle Alternative Capital BDC Inc. (as investment adviser) sends the separate accounts an invoice
for the separate account fees. The separate account fees are paid in arrears.

In addition, the separate account reimburses First Eagle Alternative Capital BDC, Inc. for any
organizational expenses and fees that First Eagle Alternative Capital BDC, Inc. may incur on such
separate account’s behalf.

Upon dissolution of the separate account, under the terms of the applicable Governing Documents,
First Eagle Alternative Capital BDC, Inc. will recalculate the incentive fee earned during the
entire term of such separate account. To the extent First Eagle Alternative Capital BDC, Inc.

received the payment of any incentive fee in excess of this recalculated amount, the separate
account may claw back such excess from First Eagle Alternative Capital BDC, Inc.

Additional Fees and Expenses

The private funds and separately managed accounts can also be subject to administrative, legal,
audit and any other professional expenses. Please refer to the applicable Governing Document for
more information.

Item 7. Types of Clients

First Eagle Alternative Capital BDC, Inc. currently provides investment supervisory services to
private funds and separate accounts. In the case of the private funds, investment advice is provided
directly to the funds and not individually to the underlying investors. First Eagle Alternative
Capital BDC, Inc. is not currently seeking new clients.